“Fraidy Cat” Investor

Posted on January 28, 2008 by Gary

“Fraidy Cat”?  C’mon, Walter, can’t you do better than calling people names and making fun of them when they get nervous? http://money.cnn.com/2007/11/29/pf/expert/expert.moneymag/index.htm?postversion=2007112910 Since this article was posted by Walter Updegrave on November 29th, the market (as measured by the S&P 500) is down more than 7%.  That’s more that it gained during all of 2007.  But Walter says [...]

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He’ll Never Learn

Posted on January 27, 2008 by Gary

Looks like Bush is looking for new ways to spend your money.  He’s already turned record surpluses into record deficits, he’s wasted billions on the “war against terror” on Iraq, and he’s stood by and done nothing while watching the biggest bubble in recent history grow to the bursting point.  Now this from: http://money.cnn.com/2008/01/25/news/economy/preview_sotu/index.htm?postversion=2008012618 “Look [...]

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America Turns to Foreigners for Money

Posted on January 24, 2008 by Gary

This is a repost of a thought provoking article I found on The Daily Reckoning.  You can read the original post on their site at: http://www.dailyreckoning.com.au/america-turns-to-foreigners/2008/01/22/ About the only thing I’d add to Mr. Bonner’s excellent insight is that if you think the falling dollar has created some excellent buying opportunities, just wait – you [...]

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A shot in the arm? Or in the head?

Posted on January 22, 2008 by Gary

Great post at:  http://www.dailyreckoning.com.au/asians-saving-enough-for-world/2008/01/22/ Mr Bonner says: “President Bush is pushing a plan to give the country a “shot in the arm” – at a cost of $150 billion. If Congress would just get behind this thing, he says, we could have rebate checks in the mail in just a few weeks. Our president misses [...]

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Just Something I Found Interesting

Posted on January 21, 2008 by Gary

I was aimlously surfing tonight when I found this: In a credit-based economy, a fall in money supply leads to markedly less lending, with a further sharp fall in money supply (since debt is money), and a consequent sharp fall-off in demand for goods. Demand falls, and with the falling of demand, there is a [...]

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Another Prognosticator Oops!

Posted on January 21, 2008 by Gary

I wonder how Doug Kass is feeling about this advice he gave on Jan 14th? http://www.thestreet.com/s/kass-katch-buy-the-financials-yes-buy/newsanalysis/investing/10398482.html Yup, you read that right – he said to “Buy the Financials. Yes, Buy”.  Since Mr. Kass published his story on the 14th, the Financial Sector Index (XLF) is down more than 8% – and it was down 10% [...]

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Glenn Beck Has a Clue!

Posted on January 19, 2008 by Gary

I have not seen Glenn Beck’s show, but I may have to take the time to check it out after reading this column: http://www.cnn.com/2008/US/01/17/beck.housingcrisis/index.html?imw=Y&iref=mpstoryemail Towards the end of the article, Beck states: “And instead of tax rebates, which are like economic crack because they result in a temporary high followed by an even lower low, [...]

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Subprime Loans

Posted on January 13, 2008 by Gary

I was reading about Bank of America’s buyout of Countrywide this morning, and I happened upon this article at The Wall Street Journal: http://blogs.wsj.com/marketbeat/2007/11/30/we-are-all-subprime-borrowers-now/?mod=sphere_ts I normally read a lot of opinions and I can respectfully disagree with those who look at things from a different angle than me, but this really ticked me off.  The [...]

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Good Fair Article on Paul

Posted on January 6, 2008 by Gary

Pretty good article on Ron Paul and Independents in New Hampshire in the Houston Chronicle.  I liked this quote: When asked if he thought the Constitution was outdated, he responded “I think it is ignored.” http://www.chron.com/disp/story.mpl/front/5431385.html gk

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Justice Clinton?

Posted on January 5, 2008 by Gary

Here’s a scary thought: http://www.cnn.com/2008/POLITICS/01/04/justice.clinton/index.html gk

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